ISLAMABAD: Senator Muhammad Hamayun Khan, convener of sub committee
of senate’s standing committee on labour and manpower, directed
concerned officers to ensure complete transparency in procedure
regarding allotment of flats to deserving workers.
Moreover,
all senators expressed concerns over the slow pace of receiving
applications from workers in response of the advertisement regarding
allotment of new flats in Karachi, Hyderabad and Larkana. Therefore,
they advised concerned authorities not only to extend the deadline till
31 July 2011 but also give advertisement again in major newspapers and
Value TV channel.
The subcommittee also showed concern over the
purchase of shares of Bank of Punjab (BOP) amounting Rs. about 4
billion at the time of declining the value of the shares as well as
when BOP was being hit by Harris Steel Scam. Resultantly, EOBI suffered
a huge loss .Similarly, the committee also recommended that SECP may be
advised to take action against M/s Amtex for hiding the facts at time
of launching its shares. Due to this act, heavy loss has been incurred
by various investors including EOBI.
Senator Muhammad Hamayun
Khan, Senator Rahmatullah Kaker, Chairman EOBI, Secretary Sindh Labour
Department, Sindh Workers Welfare Board etc attended the meeting held
at EOBI headquarters in Karachi. Online
